Title: International business and regulatory compliance: an Australian experience

Authors: Peter Carroll, Myles McGregor-Lowndes

Addresses: University of Wollongong, Australia. ' Queensland University of Technology, Australia

Abstract: The issue addressed in this paper is the growing challenge that the management of regulatory compliance poses for firms. The OECD has argued that we are seeing the development of what can be called the |New Regulatory State| (OECD 1997). In that context it identifies a number of increasing trends, including the need for effective regulatory reform as governments pursue a less directly interventionist role in business. In addition, it notes the need for new systems of governance, national and global, that emphasise industry and firm self-regulation, rather than intrusive, traditional, |command and control|, regulation by government. Both of these trends have important implications for business.

Keywords: international business; regulatory compliance; Australia; regulatory reform; systems of governance; self-regulation.

DOI: 10.1504/JIBED.2004.007851

Journal for International Business and Entrepreneurship Development, 2004 Vol.2 No.2, pp.31 - 41

Published online: 27 Sep 2005 *

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